SemiLEDS (NASDAQ:LEDS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

SemiLEDS Corporation (NASDAQ:LEDS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.32 and traded as high as $2.51. SemiLEDS shares last traded at $2.47, with a volume of 37,728 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

SemiLEDS Stock Down 1.6%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.33. The stock has a market capitalization of $20.31 million, a price-to-earnings ratio of -30.88 and a beta of 0.99. The firm’s fifty day moving average is $2.37 and its 200-day moving average is $2.32.

About SemiLEDS

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.